The expanding market of e-commerce across the globe has resulted in demand for increased infrastructure to handle the goods, thus, logistics and warehouse robots have found large adoption in this sector. A large number of companies are incorporating robots to automate the movement of goods across the delivery centers. Therefore, e-commerce will be a major driver in the growth of the logistics and warehouse robot market. Another driver that will influence the growth of logistics and warehouse robots is the high efficiency that these robot offers at a low cost in long run. Consistent output of the robots, unlike humans, over the period of operation is also added advantage as the accuracy across the workspace is also substantially improved. According to BIS Research analysis, the global logistics and warehouse robot market was estimated to be around $2.23 billion in 2016.
In addition, the rising Venture Capital (VC) investments, growing Third Party Logistics (3PL) market and the introduction of industry 4.0 into logistics and warehouse are some of the biggest opportunities for the growth of the logistics and warehouse robot market during the forecast period, 2017-2021. Moreover, there are large number of companies that are continuously investing in further enhancing robotic technologies for the development of advanced logistics and warehouse robots such as collaborative robots. Some of the leading manufacturers of the logistics and warehouse robots include ABB Robotics, Fanuc Corporation, Kuka AG, Yaskawa Electric Corporation, Omron Adept Technologies, Inc., Amazon Robotics, Daifuku Co., Ltd, Rethink Robotics, IAM Robotics, Clearpath Robotics Inc., Fetch Robotics, Inc., KION Group AG, Aethon Inc., GreyOrange and Seegrid Corporation, among others.
According to a new market intelligence report by BIS Research titled "Logistics and Warehouse Robot Mar…cast, 2017 - 2021", Logistics and warehouse sector involves the movement of goods from one place to another due to which it supports the technological advancements taking place in the material movement operations.
Thus, it has been witnessing a high degree of automation to reduce delivery times and streamline operations in the warehouse. This has resulted in number of developments in the warehouse and logistics robots by various leading manufacturers. The sector is poised to witness high growth in the near future as the technology becomes affordable due to decreasing robot cost and thus, will be able to cater to broad category of customers. The logistics and warehouse robots are the widely used, however, slowly it is witnessing high adoption in developing as well as developed countries that were initially reluctant due to belief in conservationism. As a result, there are large number of companies across the globe that are researching and developing logistics and warehouse application specific robots.
The global logistics and warehouse robots market is categorized on the basis of types that include mobile robots, cartesian robots, collaborative robots, SCARA robots, articulated robots and parallel robots. The mobile robots market generated the highest revenue, in 2016 and this trend is expected to continue till 2021. However, the collaborative robots market is estimated to grow at the highest CAGR, during 2016-2021 due to its capabilities of sharing the work space along with humans. In addition, the logistics and warehouse robots has been deployed by various end-users into multiple industries including automotive, e-commerce, pharmaceuticals, food and beverages, electrical and electronics, and others. The, e-commerce end-user acquired the largest share of the global logistics and warehouse robot market, in 2016. However, the automotive industry is estimated to grow with the highest CAGR during the period 2016-2021.
The Asia-Pacific is one of the most prominent regions for the growth of the global logistics and warehouse robot market. In 2016, Asia-Pacific dominated the global logistics and warehouse robot market with the China acquiring the maximum market share, globally. However, the geographical analysis of this market unveils an immense potential for its growth in the North American region. The U.S. is estimated to acquire the largest market share and is expected to witness the highest growth rate in this region, during 2016-2021. The European market is likely to foresee numerous growth opportunities during the forecast period 2017-2021. The need of automation in the growing e-commerce market is expected to increase the requirement of the robots and is likely to propel the growth of the global logistics and warehouse robot market in the future.”
The market report provides a detailed analysis of the recent trends influencing the market, along with a comprehensive study of the future trends and technological developments. It also includes a competitive analysis of the leading players in the industry, including corporate overview, financial summary and SWOT analysis. The overall market has been segmented by types and end-users. Mobile robots, cartesian robots, collaborative robots, SCARA robots, articulated robots and parallel robots are the types of the logistics and warehouse robots. Moreover, end-users include automotive, e-commerce, pharmaceuticals, food and beverages, electrical and electronics, and others. The report also includes a comprehensive section on the geographical analysis including country analysis for more than 10 different countries.
Key questions answered in the report:
- What are the trends in the global logistics and warehouse robot market across different regions?
- What are the major driving forces that tend to increase the demand for the logistics and warehouse robot during the forecast period 2017-2021?
- What are the major challenges inhibiting the growth of the global logistics and warehouse robot market?
- What is the estimated revenue generated by the global logistics and warehouse robot market by type in 2016, and what will be the estimates by 2021?
- Which type (mobile robots, cartesian robots, collaborative robots, SCARA robots, articulated robots and parallel robots) of the logistics and warehouse robot market will dominate in the coming years?
- Which end-user (automotive, e-commerce, pharmaceuticals, food and beverages, electrical and electronics, and others) of the logistics and warehouse robot market will dominate in the coming years?
- What is the total estimated revenue generated by each end-user for different regions in the global logistics and warehouse robot market in 2016, and what will be the estimates by 2021?
- Who are the key players in the global logistics and warehouse robot market?
- What are the new strategies adopted by the existing market players to make a mark in the industry?
- What major opportunities do the logistics and warehouse robot companies foresee?
- What are the total market share of the leading players in the global logistics and warehouse robot market?
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